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Provident fund takes stock market plunge, plans to invest Rs 5,000 cr via ETFs

Aug 07, 2015 at 07:47 | Source: FirstPost

Mumbai: Marking its maiden entry into stock market, retirement fund body EPFO today announced its first equity investment through Exchange Traded Funds benchmarked to key indices Sensex and Nifty and promised to invest more than the current limit of ...

Big-bang roll-out: Bharti Airtel offers 4G services at 3G prices in 296 towns

Aug 07, 2015 at 07:26 | Source: FirstPost

New Delhi: Bharti Airtel today announced the commercial launch of 4G services in 296 towns across India after testing the market in select cities.The telecom company launched first 4G network in India in Kolkata in April 2012."Now, customers acr...

Asian shares track Wall Street lower ahead of jobs data| Reuters

Aug 07, 2015 at 06:45 | Source: FirstPost

TOKYO Asian shares got off on the back foot on Friday, on track for a weekly loss, following Wall Street lower as caution reigned ahead of U.S. employment data that may help determine whether the Federal Reserve could raise interest rates as early as...

U.S. jobless claims edge up, but labour market still solid| Reuters

Aug 07, 2015 at 03:45 | Source: FirstPost

WASHINGTON The number of Americans filing new applications for unemployment benefits rose less than expected last week, suggesting labour market conditions are continuing to tighten.Initial claims for state unemployment benefits increased 3,000 to a ...

Oil at multi-month lows; hunt for new bottom as gasoline piles up| Reuters

Aug 07, 2015 at 03:30 | Source: FirstPost

NEW YORK Oil set multi-month lows on Thursday as investors and traders sought clues about the market's next bottom after a large drop in U.S. crude inventories failed to boost prices.A bigger-than-expected build in U.S. gasoline stockpiles last week ...

Rio Tinto earnings sink on metals price plunge; deepens capex cuts| Reuters

Aug 07, 2015 at 03:15 | Source: FirstPost

SYDNEY Global miner Rio Tinto (RIO.AX) (RIO.L) on Thursday posted sharply lower first-half profits on sliding metal prices and pledged $1 billion in cost cuts this year. The company's iron ore division was particularly hard hit, with underlying earn...

Media stock selloff leaves Wall Street bruised| Reuters

Aug 07, 2015 at 02:45 | Source: FirstPost

Wall Street ended sharply lower on Thursday as weak earnings reports from media companies stirred fears that more viewers are ditching cable TV, dragging the sector to its worst two-day loss since the financial crisis.The selloff was compounded by ne...

Sun Life eyes bigger stake in India insurance venture - CEO| Reuters

Aug 07, 2015 at 00:45 | Source: FirstPost

TORONTO Canadian insurer Sun Life Financial Inc (SLF.TO) is interested in raising its stake in its Birla Sun Life Insurance joint venture in India as it weighs several acquisition opportunities in Asia and North America, its top executive said on Thu...

Bharti Airtel to expand 4G ahead of Reliance launch| Reuters

Aug 07, 2015 at 00:30 | Source: FirstPost

GURGAON, India India's top cellular carrier Bharti Airtel Ltd (BRTI.NS) is expanding its fourth-generation (4G) mobile phone services to cover nearly 300 towns in the coming weeks, ahead of a launch by a formidable newcomer.Mobile phone carriers in I...

Looting and violence on the rise in Venezuela supermarkets | Reuters

Aug 07, 2015 at 00:16 | Source: FirstPost

CARACAS Venezuelan supermarkets are increasingly being targeted by looters as swollen lines and prolonged food shortages spark frustration in the OPEC nation struggling with an economic crisis.Shoppers routinely spend hours in lines to buy consumer s...

U.S. jobless claims edge up, but labor market still strong| Reuters

Aug 07, 2015 at 00:15 | Source: FirstPost

WASHINGTON The number of Americans filing new applications for unemployment benefits rose less than expected last week, suggesting labor market conditions are continuing to tighten.Initial claims for state unemployment benefits increased 3,000 to a s...

Wall Street falls as media stocks slump; jobs data awaited| Reuters

Aug 06, 2015 at 23:45 | Source: FirstPost

REUTERS - U.S. stocks fell on Thursday as a spate of poor earnings reports from media companies added to investors' nervousness ahead of a key jobs data that could provide clues regarding the timing of a rate hike.Walt Disney's shares fell 4.2 percen...

Exclusive - India seeks to step up scrutiny of offshore wealth managers - sources| Reuters

Aug 06, 2015 at 23:30 | Source: FirstPost

MUMBAI Seeking to root out undeclared wealth, India's market regulator has sent letters to some large wealth managers operating out of low-tax centres like Hong Kong and Singapore to try and bring them under its remit, people with knowledge of the ma...

Which father doesn't scold his son: Akhilesh on Mulayam'srebuke

Aug 06, 2015 at 23:17 | Source: FirstPost

Lucknow:Uttar Pradesh Chief MinisterAkhilesh Yadav on Thursdayplayed down the criticism of hisgovernment by his father and Samajwadi Party supremo MulayamSingh Yadav saying "which father doesn't scold his son.""The media tends to show ...

Bank of England signals early 2016 hike after sterling climb| Reuters

Aug 06, 2015 at 23:15 | Source: FirstPost

LONDON The Bank of England pointed to a possible increase in interest rates early next year, after only one of its top policymakers backed an immediate move and the Bank forecast a slow pick-up in inflation from zero thanks to a strong pound.Sterling...

Which father doesn't scold his son: Akhilesh Yadav on Mulayam Singh Yadav'srebuke

Aug 06, 2015 at 22:59 | Source: FirstPost

Lucknow:Uttar Pradesh Chief MinisterAkhilesh Yadav on Thursdayplayed down the criticism of hisgovernment by his father and Samajwadi Party supremo MulayamSingh Yadav saying "which father doesn't scold his son.""The media tends to show ...

Jaitley hopes to GST deadline, expects Congress would 'return to the table'

Aug 06, 2015 at 22:02 | Source: FirstPost

By Nayantara Rai, CNBC-TV18Unfazed by the continuous obstructions by the Congress to stall the Monsoon Session in Parliament, Union Finance Minister Arun Jaitley hopes that the goods and services tax (GST) would be passed in this sitting itself."...

ED registers FIR in Louis Berger bribery case in Guwahati

Aug 06, 2015 at 20:51 | Source: FirstPost

Kolkata: Enforcement Directorate on Thursday registered a money laundering FIR in Louis Berger bribery case to probe charges of bribing Indian officials with several crores of rupees to win a major water developmental project in Guwahati.Officials sa...

EPFO takes ETF route to enter bourses, plans further investments in future

Aug 06, 2015 at 18:56 | Source: FirstPost

Mumbai: Marking its maiden entry into stock market, retirement fund body EPFO today announced its first equity investment through Exchange Traded Funds benchmarked to key indices Sensex and Nifty and promised to invest more than the current limit of ...

Gold crashes below Rs 25,000 to hit over four-year lows

Aug 06, 2015 at 17:46 | Source: FirstPost

New Delhi: Continuing its slide for the fourth consecutive day, gold prices today dipped below Rs 25,000 by losing Rs 40 to trade at over four-year lows of Rs 24,980 per 10 grams at the domestic bullion market.Moreover, the precious metal was trading...

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